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Rockets of the future

When SpaceX’s 230-foot Falcon Heavy blasted off on February 6, it became a global sensation. But a much quieter launch three days earlier may turn out to be more important. That’s when a 31-foot rocket known as the SS-520-5 took off from Japan’s Uchinoura Space Center. It’s the smallest rocket ever to place an object into Earth orbit — and ...

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What Europe needs is more than just risk sharing

French President Emmanuel Macron and German Chancellor Angela Merkel say they want to make the common currency area more resilient and adaptable, but their two countries have traditionally disagreed over how that should be achieved. Can crack economists from the relevant countries solve the problem for them? They are giving it a shot — but building a European consensus will ...

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Fed resists upgrading long-run growth outlook after tax cuts

Bloomberg Federal Reserve officials are showing surprise at just how much the recently-enacted tax cuts are boosting the US economy. But they’re still not impressed enough to lift estimates for long-term growth, a stance that puts them at odds with the White House. Minutes from the January 30-31 meeting of the Federal Open Market Committee showed “a number” of policy ...

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